Uncertainty remains both in the geopolitical situation and with macroeconomic development. We are now seeing a slowdown in the economy as a result of the powerful interest rate hikes and liquidity constraints the central banks have implemented in their attempts to overcome high inflation.

On the positive side, the review of fixed costs that we carried out in autumn 2022 is now starting to show an effect in the form of lower costs. Much also suggests that inflation is on the way down and that the central banks will therefore begin lowering their reference interest rates during the year. At the same time, the growing housing shortage means that the underlying need for newly produced housing in Sweden will be large in the coming years. We continue to work with the approximately 18,500 residential units available in our building rights portfolio and the roughly 9,000 units we have in production. We have many excellent projects underway and have great faith in the future, even if we are currently being held back by the market situation.

1 January – 31 March 2023
•  Net sales amounted to SEK 57 m (91).
•  The operating loss was SEK 107 m (-23) of which SEK -5 m (18) refers to changes in value of investment properties.
•  The loss for the period before tax was SEK 173 m (-56) and the loss after tax amounted to SEK 175 m (-39).
•  Earnings per share, after deductions for minority shares,was SEK -4.20 (-0.79).

Significant events 1 January–31 March 2023
• No significant events during the quarter.

Significant events after the end of the period
• No significant events after the end of the quarter.